GBPUSD to retest the 1.38 level

The pound dollar looks ready to retest the 1.38 level as the downward correction looks set to continue.

BEAR CASE
If the 1.38 level falls to hold the next level we are looking at is around the 1.37 level to hold.

BULL CASE
The 1.38 area looks like a strong level to bounce off for a longer term uptrend.